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These 3 companies were among the 172 facilities that China authorized poultry imports on Friday, yet all 3 were down. Thinking maybe the names didn't come out during trading hours perhaps? This is to see for myself how the China news will effect certain industries for future "progress".
Tyson recently had a small pullback as shown in that descending channel on the chart. The price managed to find support on the 50-day EMA before breaking out of the channel due to their earnings report. The price targets are the $105.60 & $123.00 price levels.
And this is why playing ER is simply a gamble, they can say (or not say) what they want to get a certain reaction. (check out my last post on it below and then...) ***Lets talk about it!***
Price Action consolidating around 85. Lower BB% RSI <10 Looking for Reversal to mean higher. Taking 85 /82.50 Put Credit Spread. Also picked up 87 Call for Directional Bias Higher. Oct Exp but aiming to Close in profit well before that... Good Luck - Watch your $$$ RISK
Good steady momentum. Might be worth a watch especially in uncertain times. Tyson Foods, Inc. is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four...
TSN caught my eye with a superb earnings surprise on top of excellent earnings growth as well as a partnership to align themselves with a meat substitute manufacturer to stick up to the BYND craze. I like a good steak, but TSN isn't about to turn chicken on the latest fake food fad. They were also forming that classic cup and handle pattern that precedes a big...
NYSE:TSN Resistance broken and potential start of an uptrend, considering the height of this pattern, so excellent Risk/Reward.
Tyson appears to be gearing up for a break-out finally after earnings this coming week from its latest products like plant based chicken nuggets and other similar products appearing to give it a nice boost. Similar to Luckin Coffee (LK), the stock failed breakouts 4-5 times on different occasions. In this case, just like LK, it appears a breakout is coming...
I DON'T play ERs, but will be watching this post ER for a possible short given the indicators. Then again, it might just dump on ER, but still not worth it cause anything can happen. ***Let's talk about it...***(After ER)
The price crosses below its channel’s support after it formed triple tops, indicating the bull trend is probably over.